Danone quarterly sales up 10%, sees 10% EPS rise in 2009

LONDON (MarketWatch) -- Groupe Danone
BN, +2.80%
the French yogurt and bottled water group, said fourth-quarter sales increased by 10.4% to 3.68 billion euros ($4.75 billion), or up 6% on a comparable basis, with a 2.3% rise in volume and a 3.7% rise in prices. For the year, its adjusted operating margin rose 53 basis points to 14.91% and its underlying earnings per share rose 15% to 2.74 euros. It's targeting a 10% rise in adjusted EPS in 2009 and is proposing to pay a 1.20 euros a share dividend.

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